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GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global Carbon Dioxide Removals (CDR) Market by Technology Type (Biochar, Direct Air Capture, Enhanced/Carbon Mineralization, BECCS, Ocean Alkalinization, Other Technologies) Market by Carbon Credit Buyer (Finance Sector, Technology Sector, Other Carbon Credit Buyers) by Geography

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MARKET OVERVIEW

In terms of revenue, the global carbon dioxide removals (CDR) market is expected to reach $xx million by 2032, growing at a CAGR of 29.95% during the forecast period 2024-2032.

Carbon dioxide removals (CDR) refer to the suite of technologies, practices, and natural processes aimed at actively removing carbon dioxide (CO2) from the atmosphere and storing it in various forms. CDR methods are employed to mitigate climate change by reducing the concentration of CO2, a primary greenhouse gas, in the atmosphere. 

CDR methods include natural processes such as afforestation, reforestation, and ocean fertilization, as well as technological solutions like direct air capture, enhanced weathering, and bioenergy with carbon capture and storage (BECCS). The goal of CDR is to counteract the accumulation of CO2 in the atmosphere, thereby helping to limit global warming and its associated impacts on climate and ecosystems.

Carbon Dioxide Removals (CDR) Market

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Key enablers of the global carbon dioxide removals (CDR) market growth: 

  • Boosted government funding for CDR initiatives
  • Inception of CDR mission
  • Growing focus on corporate sustainability goals
    • Enterprises are under escalating pressure from various stakeholders, such as investors, consumers, and regulatory bodies, to curtail their environmental footprint. This impetus has spurred a surge in ambitious corporate sustainability objectives, with many companies establishing targets to attain net-zero emissions within specific timeframes.
    • Furthermore, some companies are looking to go beyond net zero and achieve carbon-negative status. Several enterprises are planning to achieve such goals by reducing their emissions, investing in renewable energy, and supporting CDR projects. For example, Amazon has committed to being net-zero carbon by 2040 across its businesses. Apple has also announced its plan to become completely carbon-neutral by 2030.

GROWTH RESTRAINTS

Key growth restraining factors of the global carbon dioxide removals (CDR) market:

  • Technological advancement gaps in CDR 
  • Challenges in CDR governance
    • Managing and governing the commercialization and implementation of carbon dioxide removal (CDR) technologies presents multifaceted challenges that significantly impact market growth. These challenges encompass diverse dimensions, including the intricate balance between land use and sustainability development goals at the local level. 
    • Additionally, the financial landscape adds another layer of complexity, with high costs associated with various aspects of CDR deployment. These costs encompass land acquisition, capital investment in technology, securing expert labor, and navigating through regulatory frameworks, such as licensing requirements.

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KEY MARKET TRENDS

Global Carbon Dioxide Removals (CDR) Market | Top Trends

  • Nature-based solutions (NbS) are gaining significant traction in the CDR market due to their ability to remove carbon dioxide from the atmosphere while offering a range of additional environmental benefits. 
  • Due to the rapidly escalating demand for carbon dioxide emission reduction, there has been a noticeable surge in the formation of start-up companies. These start-ups are garnering substantial funding from private and financial organizations due to the escalating necessity for research and development within the sector.

MARKET SEGMENTATION

Market Segmentation Analysis – Technology Type and Carbon Credit Buyer –

Market by Technology Type:

  • Biochar
  • Direct Air Capture 
    • The direct air capture segment is expected to be the fastest-growing technology type in the global market during the upcoming years. 
    • Direct air capture (DAC) entails the extraction of carbon dioxide from the surrounding atmosphere instead of capturing it at the source of emission. Subsequently, the captured CO2 can either be sequestered in deep geological formations or utilized in industrial processes. 
    • DAC stands out as one of the most costly carbon dioxide removal (CDR) technologies due to the lower concentration of CO2 in ambient air compared to emissions from specific sources like power plants or cement factories. 
    • Various hurdles in implementing DAC technologies include the extraction of carbon dioxide from low atmospheric concentrations, substantial demands for water and land, effectiveness throughout the carbon life cycle, and the effects of pressure drops on energy usage and system expenses. 
    • In order to overcome these challenges, DAC facilities can integrate with existing operational geothermal/nuclear or industrial plants to access thermal resources like waste heat and steam for regenerating DAC materials, thereby reducing overall costs. 
  • Enhanced/Carbon Mineralization 
  • BECCS 
  • Ocean Alkalinization 
  • Other Technologies

Market by Carbon Credit Buyer:

  • Finance Sector
    • The finance sector is poised to become the primary contributor to the carbon dioxide removals (CDR) market, driven by the increasing involvement of financial institutions worldwide. 
    • Growth in this sector is primarily fueled by factors such as rising investments, regulatory compliance, carbon offset initiatives, and corporate social responsibility (CSR) efforts. 
    • In 2023, the global CDR market experienced significant expansion, largely attributed to substantial investments from carbon credit purchasers. Notably, in November 2023, PYREG GmbH, a German biochar carbon removal technology company, and Kita, a carbon insurer, signed a Memorandum of Understanding (MoU) to collaborate on the largest durable biochar carbon removal project pool globally. 
  • Technology Sector
  • Other Carbon Credit Buyers

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
    • The North American region emerges as the primary contributor to the expansion of the global carbon dioxide removal market, driven by leading market players, robust technological infrastructure, and rising demand for carbon dioxide removal technologies. Moreover, the rise in initiatives by market players to enhance carbon removal and capture capacity in the region further propels the market’s growth.
    • Additionally, various companies in the region are actively developing innovative technologies to lower the overall cost of carbon dioxide removal. One such example is Carbon Engineering, whose Direct Air Capture (DAC) system can extract a ton of CO2 from the air for approximately $100. 
  • Europe: The United Kingdom, Germany, France, Italy, Spain, the Netherlands, and Rest of Europe 
  • Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific 
  • Rest of World: Latin America, Middle East & Africa

MAJOR PLAYERS

Major players in the global carbon dioxide removals (CDR) market:

  • Arca
  • Climeworks AG
  • Global Thermostat
  • Carbon Engineering Ltd
  • Cella Mineral Storage

Key strategies adopted by some of these companies:

  • In March 2024, Climeworks AG finalized a $2.4 million supply deal with Lego Group. This agreement entails the perpetual removal of CO2 from the atmosphere by Climeworks on behalf of the toy manufacturer over a span of nine years.
  • Xinyun Technology Co Ltd, in August 2022, unveiled budget-friendly integrated CDR chipsets specifically designed for advanced datacom and telecom networks.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2024-2032
Forecast Units

Revenue ($ Million)

Segments AnalyzedTechnology Type and Carbon Credit Buyer
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedArca (Formerly Carbin Minerals Inc), Blue Planet Environmental Solutions Pte Ltd, Bussme Energy AB, Carbofex, Carbon Clean Solutions Limited, Carbon Engineering Ltd, CarbonCure Technologies Inc, Cella Mineral Storage, Climeworks AG, Global Thermostat LLC, KlimaDAO, Plan A, Project Vesta, Running Tide, Skytree, Solidia Technologies, Verdox, Wakefield BioChar

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. BOOSTED GOVERNMENT FUNDING FOR CDR INITIATIVES
      2. INCEPTION OF CDR MISSION
      3. GROWING FOCUS ON CORPORATE SUSTAINABILITY GOALS
    2. KEY RESTRAINTS
      1. TECHNOLOGICAL ADVANCEMENT GAPS IN CDR 
      2. CHALLENGES IN CDR GOVERNANCE
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. GROWING PRIVATE EQUITY INTEREST IN START-UPS 
      2. RISING DEMAND FOR CCUS SOLUTIONS
      3. GROWING INTEREST IN NATURE-BASED CDR SOLUTIONS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. VALUE CHAIN ANALYSIS
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. REGULATORY FRAMEWORK
  5. MARKET BY TECHNOLOGY TYPE
    1. BIOCHAR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS 
    2. DIRECT AIR CAPTURE 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ENHANCED/CARBON MINERALIZATION 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. BECCS 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OCEAN ALKALINIZATION 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER TECHNOLOGIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY CARBON CREDIT BUYER
    1. FINANCE SECTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. TECHNOLOGY SECTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. OTHER CARBON CREDIT BUYERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET DRIVERS
      3. NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET DRIVERS
      3. EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        6. NETHERLANDS
          1. NETHERLANDS CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET DRIVERS
      3. ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        5. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        6. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET DRIVERS
      3. REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA CARBON DIOXIDE REMOVALS (CDR) MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ARCA (FORMERLY CARBIN MINERALS)
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      2. BLUE PLANET ENVIRONMENTAL SOLUTIONS PTE LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      3. BUSSME ENERGY AB
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      4. CARBOFEX
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      5. CARBON CLEAN SOLUTIONS LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      6. CARBON ENGINEERING LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      7. CARBONCURE TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      8. CELLA MINERAL STORAGE
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      9. CLIMEWORKS AG
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      10. GLOBAL THERMOSTAT LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      11. KLIMADAO 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      12. PLAN A
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      13. PROJECT VESTA
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      14. RUNNING TIDE 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      15. SKYTREE 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      16. SOLIDIA TECHNOLOGIES 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      17. VERDOX
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      18. WAKEFIELD BIOCHAR
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CARBON DIOXIDE REMOVALS (CDR) 

TABLE 2: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY TECHNOLOGY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY TECHNOLOGY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: GLOBAL BIOCHAR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL BIOCHAR MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GLOBAL DIRECT AIR CAPTURE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL DIRECT AIR CAPTURE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: GLOBAL ENHANCED/CARBON MINERALIZATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL ENHANCED/CARBON MINERALIZATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GLOBAL BECCS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL BECCS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION) 

TABLE 12: GLOBAL OCEAN ALKALINIZATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL OCEAN ALKALINIZATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY CARBON CREDIT BUYER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY CARBON CREDIT BUYER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: GLOBAL FINANCE SECTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL FINANCE SECTOR MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 20: GLOBAL TECHNOLOGY SECTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL TECHNOLOGY SECTOR MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 22: GLOBAL OTHER CARBON CREDIT BUYERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL OTHER CARBON CREDIT BUYERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 24: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 26: NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 28: KEY PLAYERS OPERATING IN NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET

TABLE 29: EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 30: EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 31: KEY PLAYERS OPERATING IN EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET

TABLE 32: ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 34: KEY PLAYERS OPERATING IN ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET

TABLE 35: REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 36: REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 37: KEY PLAYERS OPERATING IN REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET

TABLE 38: LIST OF MERGERS & ACQUISITIONS

TABLE 39: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 40: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 5: GROWTH PROSPECT MAPPING FOR CHINA

FIGURE 6: GROWTH PROSPECT MAPPING FOR BRAZIL 

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, GROWTH POTENTIAL BY TECHNOLOGY TYPE, IN 2023

FIGURE 11: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY BIOCHAR, 2024-2032 (IN $ MILLION)

FIGURE 12: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY DIRECT AIR CAPTURE, 2024-2032 (IN $ MILLION) 

FIGURE 13: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY ENHANCED/CARBON MINERALIZATION, 2024-2032 (IN $ MILLION)

FIGURE 14: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY BECCS, 2024-2032 (IN $ MILLION)

FIGURE 15: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY OCEAN ALKALINIZATION, 2024-2032 (IN $ MILLION)

FIGURE 16: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY OTHER TECHNOLOGIES, 2024-2032 (IN $ MILLION) 

FIGURE 17: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, GROWTH POTENTIAL BY CARBON CREDIT BUYER, IN 2023

FIGURE 18: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY FINANCE SECTOR, 2024-2032 (IN $ MILLION)

FIGURE 19: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY TECHNOLOGY SECTOR, 2024-2032 (IN $ MILLION)

FIGURE 20: GLOBAL CARBON DIOXIDE REMOVALS (CDR) MARKET, BY OTHER CARBON CREDIT BUYERS, 2024-2032 (IN $ MILLION) 

FIGURE 21: NORTH AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 22: UNITED STATES CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 23: CANADA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 24: EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 25: UNITED KINGDOM CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 26: GERMANY CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 27: FRANCE CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 28: ITALY CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: SPAIN CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 30: NETHERLANDS CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: REST OF EUROPE CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 33: CHINA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: JAPAN CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 35: INDIA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 36: SOUTH KOREA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: AUSTRALIA & NEW ZEALAND CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 38: REST OF ASIA-PACIFIC CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 39: REST OF WORLD CARBON DIOXIDE REMOVALS (CDR) MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 40: LATIN AMERICA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FIGURE 41: MIDDLE EAST & AFRICA CARBON DIOXIDE REMOVALS (CDR) MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

There is a growing demand for carbon removals due to the increasing levels of CO2 in the atmosphere, which contribute to climate change. Carbon removals are seen as a necessary tool to mitigate the impacts of climate change and achieve climate targets set forth in international agreements such as the Paris Agreement.

Examples of carbon dioxide removal technologies include direct air capture (DAC), bioenergy with carbon capture and storage (BECCS), enhanced weathering, afforestation and reforestation, and ocean-based methods such as ocean fertilization and algae cultivation.

When choosing a carbon removals marketplace, it’s crucial to consider credit type, verification standards, and transparency in project information and credit pricing.

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